Murphonomics - how the market works & market failure

2.1 Economic Systems

Economic Systems.docx
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South Seas- worksheet on economic systems.docx
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- 113 KB
Resource allocation- who decides?.pdf
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- 61 KB
What is the role of the government in a mixed economy.docx
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How ‘mixed’ is a mixed economy.docx
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2.2 Markets- how they should work

Market demand.docx
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Market demand exercises.docx
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- 101 KB
Relationships between goods.pdf
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- 932 KB
Unit 2- supply & equilibrium.docx
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2f. Changes in equilibrium- plotting exercises.pdf
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- 156 KB
Changes to equilibrium price and quantity.docx
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Assessment 1:

Supply and demand MC.pdf
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Supply & Demand worksheet 1.pdf
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- 391 KB

Assessment 2:

2.3 Markets- how they often don't work properly

When markets provide too much or too little of a good or service we say that the market has failed- MARKET FAILURE

Review your knowledge:

Year 10 Review Unit 2.docx
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Social Costs & Benefits- worksheet.pdf
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- 41 KB
Worksheet_answers_4.pdf
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- 50 KB
Multiple Choice on Social costs & benefits.pdf
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- 71 KB

Mark scheme and exemplar answer to Structured Question on cigarettes:
Answer to structured question on social costs & social benefits.docx
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Revision notes on all Unit 2 topics

Review quizzes on all Unit 2 topics